SunTrust Settles Mortgage Based Cases

In the last couple of weeks SunTrust Banks has entered into settlements arising out of its mortgage practices.  In mid June SunTrust reached an agreement with the Department of Justice, 49 states, and the District of Columbia to resolve two major investigations into mortgage related wrongdoing.  The settlement required the payment of approximately $1 billion […]

Bank of America and Freddie Mac Agree to Settlement

The Bank of America and Freddie Mac have reached a settlement arising from disputes over residential mortgages that the bank sold to Freddie Mac between 2000 and 2009. Many of the loans were worthless. The settlement calls for the payment of $404 million to settle call claims arising from residential mortgage repurchase agreements as well […]